Page 8 - MI New Hire webinar
P. 8
Term Life Insurance / AD&D
The average cost of a funeral is $10,000. Our group policy with its guaranteed issue is an easy way to cover small outstanding debts like these.
• Up to $200,000 in Guarantee Issue coverage for Agents
• Up to $100,000 in Guarantee Issue coverage for staff
• Supplemental coverage up to $500,000 with evidence of insurability
• Optional coverage:
– Spouse Life: $50,000 Guarantee Issue – agent or staff must purchase $100,000
– Child Life: $10,000 Guarantee Issue
• Accelerated death benefit of 50% to $50,000
• Coverage may be:
– Portable to individual term life policy or
– Convertible to individual whole life policy
